OPEN CAMPUS
Managerial Economics
(MGMT2020)
Semester II; 2014/15
Available: February 09, 2015
Due: 11:55 P.M (ECT); Sunday, March 08, 2015 (Graded)
Bonus marks (10%): Submit before 11:56 p.m., Tuesday, March 03; 2014
IMPORTANT: This paper has 5 pages, 5 s
Shonna Harris
Cost and Management I
ACCT2021
Etutor: Rohan Daley
Graded Discussion 3  Feb 21  24
In spite of marginal costing not being acceptable for taxation purposes it is
still relevant to the practice of management. What do you see as the reason
f
Group 4 ( Elasticity)
Members:
Rachel Popo
Wilhm Peter
Shonna Harris
Beetham Celestin
Price elasticity of demand measure the responsiveness of quantity demanded due to a
change in price (formula percentage change in quantity demanded / percentage change i
A mistake is an error in understanding facts, meaning of words or the law, which causes one party or
both parties to enter into a contract without understanding the responsibilities or outcomes. Such a
mistake can entitle one party or both parties to a re
The business environment can pose many challenges to a firm engaging in international business. Some
of these challenges stem from differences between homes and host countries in areas such economic
development, economic systems, political systems and cul
Case Study Unit 3 a, b
Q1.
A random variable X has a probability distribution as follows:
x

0
1
2
3
P(x)

2k
3k
13k
2k
Then the probability that P(X < 2.0) is equal to
P(x) = 2k + 3k + 13k + 2k =20k
20k = 1.
Therefore, k = 1/20
Less than 2 show that 2k
PRODUCT MIX TABLES & CHAIRS OAK, CHERRY & PINE
This report presents the result of a linear programme to determine the optimal product mix between six possible
products, including tables and chairs made of either oak, cherry or pine, which are proposed to
UniversityoftheWestIndiesOpenCampus
MGMT2023FinancialManagement
Semester12016/2017
GROUP ASSIGNMENT SUGGESTED SOLUTIONS
As a finance major student of the UWI OC, you have just landed a lucrative job as a Financial
Planner with First Citizens Investment Se
Unit 5 Presentation
Unit 5 Presentation
This presentation focusses on session 2 of unit 5.
1. Valuation Fundamentals
The (market) value of any investment asset is simply the present value of
flows.
expected
cash
The interest rate at which these cash flows
Shonna Harris
UWI Open Campus
Managerial Economics MGMT2020
Graded Assignment 1
DUE DATE: MARCH 9, 2017 at 11:55PM
Do TWO Question from Section A and TWO from Section B
Each question is 25 marks.
Section A
Question 1
ABC Sports, a store that sells various
Any discussion on globalization hinges on international business. Or is it the
other way around? Any discussion on international business hinges on
globalization.
We first look at International Business: What is International Business? Why
does it take pl
Shonna Harris313200367
MGMT2023Financial Management I
Adela Federick
Ranjeeta Garg
1a.
IPO is a primary market transaction. Securities that fall into the category of Money Market
Securities include Treasury Bills (Tbills), Commercial Paper, Certificates
Unit 3 Presentation
UNIT 3 PRESENTATION
1. The Role of Time Value in Finance
Most financial decisions involve costs & benefits that are spread out over time.
Time value of money allows comparison of cash flows from different periods.
2. Basic Concepts
Fut
QUESTION 4
Francis Manufacturers
Cost Summary
BRITTANY WILLIAMS
Learning Activity 2.1
(a)
Direct Materials Used :
Purchase of Pine
Purchase of Oak
99000
250000
$ 349,000
(b)
Direct Labour:
Assemblers wages
Lathe machine operators wage
84200
66400
$ 150,60
GROUPWORK
In order to make a wise decision the aunt would need to take into consideration the various costs:
Implicit and explicit costs are both very important when it comes to calculating accounting profit
and economic profit.
Implicit costs are deals w
Unit 3
LEARNING ACTIVITY 3.1
(i)
Using the MINITAB software package, we obtain the following results:
Q = 1089  114 P1 + 103 P2 + 0.074 A + 0.292 Y
Coefficients
Standard Deviation
tvalue
Constant
1089
1753

P1
114
66.63
1.8
P2
103
64.70
1.6
A
0.074
0.
'v
LEARNING ACTIVITY 2.1
Here, we are given limited data to estimate the demand function Q = a + bP; where there is
limited data, the b coefcient is estimated as AQ/AP which is the change in quantity, i.e.,
150,000 120,000 = 30,000, divided by the chang
Unit 2
Estimating TwoVariable Demand
Function
Overview
In this unit, you will learn how to estimate a twovariable demand function. The two variables of
interest here are price and quantity demanded. In Unit 1, you saw how essential it was for business
f
Unit 1
The Role of Demand and
Supply in Management
Decisions
The importance of
Managerial Economics to
Managers
As a manager you have to make
economic decisions
Example decisions about demand and
supply of products
Decisions of whether to continue
oper
Unit 1
Introduction to Managerial
Economics
Overview
We start this unit with a discussion on the basic concepts of managerial economics
which include demand and supply, the two sides of the market. Demand is the heart
and soul of every business. No busine
ABC Sports, a store that sells various types of sports clothing and other sports items, is planning to introduce
a new design of Arizona Diamondbacks baseball caps. A consultant has estimated the demand curve to be
Q = 2,000  100P
where Q is cap sales an
The Oceanic Pacific fleet has just decided to use a poleandline method of fishing instead
of gill netting to catch tuna. The latter method involves the use of miles of nets strung out across the ocean
and therefore entraps other sea creatures besides tu
The economist for the ABC Truck Manufacturing Corporation has calculated a production function
for the manufacture of their mediumsize trucks as follows:
Q = 1.3L0.75 K0.3
where Q is number of trucks produced per week,
L is number of labor hours per day,
A firm has the following shortrun production function: Q = 50L + 6L2  .5L3
where
Q = Quantity of output per week
L = Labor (number of workers)
a. When does the law of diminishing returns take effect?
b. Calculate the range of values for labor over which
The maker of a leading brand of lowcalorie microwavable food estimated the following demand
equation for its product using data from 26 supermarkets around the country for the month of April:
Q= 5,200  42P + 20PX + 5.2l + 0.20A + 0.25M
(2.002) (17.5) (
Case Analysis Questions
Demand
Consider the following events: Scientists reveal that eating oranges decreases the risk of
diabetes, and at the same time, farmers use a new fertilizer that makes orange trees produce more
oranges. Illustrate and explain wha
MANAGERIAL ECONOMICS (MGMT2020)
UNIT 7 DISCUSSION QUESTIONS
1. An accountant for a car rental company was recently asked to report the firm's costs of producing
various levels of output. The accountant knows that the most recent estimate available of the
UWI Open Campus
Managerial Economics MGMT2020
Graded Assignment 2
DUE DATE: APRIL 2, 2017 at 11:55PM
PLEASE ANSWER A TOTAL OF FOUR (4) Questions
Each question is 25 marks.
Section A. Do ONE Question from this Section
COSTS
Question # 1
Mr. Lee operates a